On Jul. 10, 2026, LTH CB published Resolution No 2026/03-83 of Jul. 9, 2026, amending Resolution No 03-181 of Nov. 14, 2013 on the approval of the regulations for the assessment of managers and key function holders of financial market participants supervised by the Bank of Lithuania; the resolution enters into force on Nov. 20, 2026.
It amends the legal references in the preamble, and the evaluation questionnaire.
On Aug. 2, LTH CB issued resolution amending resolution on topic.
LTH CB issued Resolution 03-91 amending Resolution 03-181 on regs for evaluation of managers, persons performing key functions of supervised financial market participant.
New resolution amended preamble and clause 4 to refer to ESMA and EBA guidelines.
States they were prepared per ESMA/EBA guidelines on assessment of suitability of members of management body and persons performing key functions.
Also EBA guidelines on assessment re if management or administration body of credit administrators as whole has necessary knowledge and experience, per Dir 2021/2167.
Added clause 17.3 referring to a filled out questionnaire by head of credit administrator in the form prescribed in Annex 4 of the Regulations.
Replaced clause 41 re assessing managers suitability in line with clauses 17.3, 17.3 1.
Must check if no grounds (conditions) specified in law regulating activities of specific financial market participant per which person cannot be considered suitable for role.
Added Annex 4 on guidelines and provisions for supervised financial markets participant's key functions suitability assessment.
Effectiveness
The resolution enters into force on Aug. 3, 2024.
Dec. 2024 Amending Resolution
On Dec. 19, 2024, LTH CB published Resolution 03-159 of Dec. 17, 2024, amending Resolution 03-181 of Nov. 14, 2013 on the approval of the regulations for the assessment of managers and key function holders of financial market participants.
Amended clause 4 to align it with recent EBA guidelines, clause 6 on entities assessing the requirements before selecting/appointing a person as a manager/in key functions.
Clause 28 re assessment of a person's reputation; pt 6 in Annex's filling instructions.
Applications received before the date of entry into force of this resolution but not yet fully processed shall be processed under the law in force at the time of submission.
Resolution entered into force on Dec. 20, 2024; clause 1, sub-clauses 2.1, 2.3 and 2.10 of the Resolution enter into force on Dec. 30, 2024.
Jul. 2026 Amending Resolution
On Jul. 10, 2026, LTH CB published Resolution No 2026/03-83 of Jul. 9, 2026, amending Resolution No 03-181 of Nov. 14, 2013 on the approval of the regulations for the assessment of managers and key function holders of financial market participants supervised by the Bank of Lithuania; the resolution enters into force on Nov. 20, 2026.
It amends the legal references in the preamble, and the evaluation questionnaire.
Regulators
LTH CB
Entity Types
B/D; Bank; BS; CU; IA; Inv Co; MSB
Reference
OG 2026-11797, 7/10/2026; Res 2026/03-83, 7/9/2026; OG 2024-22465, 12/19/2024; Res 03-159, 12/17/2024; OG 2024-14077, 8/2/2024; Res 03-91, 8/1/2024; Res 03-181; EBA/GL/2021/06, ESMA35-36-2319; EBA/GL/2023/09
